Business Stories from May 2, 2013 (Change date)
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U.S. worker productivity rises just 0.7 pct. in Q1May 02, 2013 11:35 am - WASHINGTON — U.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012. Weak productivity growth could prompt emp...
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U.S. rate on 15-year mortgage at record 2.56 pct.May 03, 2013 9:21 am - WASHINGTON — The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages h...
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U.S. trade deficit falls to $38.8 billion in MarchMay 02, 2013 11:35 am - WASHINGTON — The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit wit...
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Intel taps COO Krzanich as chipmaker’s next CEOMay 02, 2013 11:35 am - NEW YORK — Intel said Thursday that it has chosen its chief operating officer, Brian Krzanich, as its new CEO. He will steer the world’s largest chipmaker in an era wher...
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Buffett says women key to nation’s prosperityMay 02, 2013 11:29 am - OMAHA, Neb. — Billionaire Warren Buffett is optimistic about America’s economic future because the nation has begun to unleash the potential of women. Buffett’s views o...
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U.S. jobless claims fall to 5-year low of 324KMay 03, 2013 7:07 am - WASHINGTON — The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layo...
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Illinois House sends pension package to SenateMay 03, 2013 7:21 pm - SPRINGFIELD — When the Illinois House Thursday approved Speaker Michael Madigan’s plan to cut teachers’ and state workers’ retirement benefits, it became more clear than...
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Tellabs board names Tobkin chairmanMay 03, 2013 9:21 am - NAPERVILLE — Vincent H. Tobkin has been named chairman of the board of directors of Tellabs, succeeding Tellabs co-founder Michael J. Birck, who retired because of healt...
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Bangladesh building collapse toll rises to 433May 02, 2013 2:20 pm - DHAKA, Bangladesh — Rescuers found more bodies in the concrete debris of a collapsed garment factory building Thursday and authorities say it may take another five days ...
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Women’s groups decry appeal on morning-after pillMay 03, 2013 9:17 am - WASHINGTON — The Obama administration’s decision to appeal a court order lifting age limits on purchasers of the morning-after pill set off a storm of criticism from rep...